eBay (NASDAQ:EBAY) Receives Market Perform Rating from JMP Securities

eBay (NASDAQ:EBAY)‘s stock had its “market perform” rating reaffirmed by investment analysts at JMP Securities in a research report issued on Monday,Benzinga reports.

Several other equities analysts have also commented on EBAY. UBS Group dropped their price target on shares of eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Wedbush initiated coverage on shares of eBay in a research report on Monday, December 9th. They set a “neutral” rating and a $70.00 price target for the company. The Goldman Sachs Group upped their price target on shares of eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research report on Tuesday, October 15th. Wells Fargo & Company dropped their price objective on shares of eBay from $63.00 to $62.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Finally, Robert W. Baird dropped their price objective on shares of eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, eBay has an average rating of “Hold” and an average price target of $62.63.

eBay Stock Performance

Shares of EBAY stock opened at $64.23 on Monday. eBay has a one year low of $40.16 and a one year high of $67.80. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The company has a 50 day moving average price of $63.25 and a 200 day moving average price of $59.34. The firm has a market capitalization of $30.77 billion, a price-to-earnings ratio of 16.14, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35.

Insider Buying and Selling at eBay

In other news, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total value of $77,757.21. Following the transaction, the chief financial officer now directly owns 65,079 shares in the company, valued at approximately $4,336,213.77. This trade represents a 1.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Cornelius Boone sold 3,989 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the completion of the transaction, the senior vice president now owns 71,469 shares in the company, valued at approximately $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,908 shares of company stock worth $2,110,731 in the last ninety days. 0.38% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EBAY. Blue Trust Inc. lifted its position in shares of eBay by 164.0% in the 2nd quarter. Blue Trust Inc. now owns 1,069 shares of the e-commerce company’s stock worth $56,000 after buying an additional 664 shares during the last quarter. Raymond James & Associates lifted its position in eBay by 35.2% in the 2nd quarter. Raymond James & Associates now owns 1,181,791 shares of the e-commerce company’s stock valued at $63,486,000 after purchasing an additional 307,891 shares during the last quarter. Hobbs Group Advisors LLC bought a new stake in eBay in the 2nd quarter valued at about $29,000. Fifth Third Bancorp lifted its position in eBay by 22.4% in the 2nd quarter. Fifth Third Bancorp now owns 34,145 shares of the e-commerce company’s stock valued at $1,834,000 after purchasing an additional 6,259 shares during the last quarter. Finally, Aaron Wealth Advisors LLC bought a new stake in eBay in the 2nd quarter valued at about $212,000. 87.48% of the stock is currently owned by institutional investors.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.